CFPB has drawn up a policy statement that provides an analytical framework to assist federal and state agencies in holding companies accountable when in violation of the law.
Read More »New CFPB Rule Impacts HMDA Reporting
Under a new order from the CFPB, loans reportable under the Home Mortgage Disclosure Act will not need to be reported under the new small business lending rule.
Read More »CFPB Rules Certain State Disclosure Laws Consistent With TILA
In examining laws in New York, California, Utah, and Virginia, the Bureau determined that laws covering businesses in these states are not preempted by the federal Truth in Lending Act.
Read More »Three-Judge Panel Validates CPFB’s Independent Funding
The Bureau’s independent funding through the Federal Reserve was ruled to be lawful by a panel of judges in the Second Circuit Court of Appeals. After rulings by two different circuit courts, the case is expected to be heard by the Supreme Court in October.
Read More »CFPB Seeks Input on Data Collection Firms
By issuing a new request for information, the Bureau is studying the business practices of data brokers, their impact on the daily lives of consumers, and whether they are all playing by the same rules.
Read More »Lessons Learned From the Triumph of Pandemic Foreclosure Prevention
During the pandemic, an estimated 3.2 million foreclosure starts were prevented, along with the completion of approximately 1.5 million foreclosures.
Read More »CFPB Reports on Illegal Fees Levied by Mortgage Servicers
The Bureau’s new Supervisory Highlights report examines ways in which some mortgage servicers have attempted to run-up unlawful fees charged to homeowners.
Read More »McCalla Raymer Leibert Pierce Names Elizabeth De Silva General Counsel
The firm’s former Deputy General Counsel is promoted to new role, bringing more than 20 years of experience in residential real estate law and mortgage banking to the position.
Read More »The State of Government Loan Servicing
The 13th Annual Five Star Government Forum is set for next week in our nation’s capital, bringing together mortgage servicing leadership and government agency reps to discuss the industry’s most pressing issues and work toward solutions.
Read More »The Week Ahead: House Looks at CFPB Reform
The CFPB will be under the spotlight by the House Financial Services Committee at an upcoming hearing examining whether it's time to reform the Bureau.
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